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Property profile & analytics
OFF-MARKET
Estimated value
$550,000
Retail space
2831 Perkins Rd Memphis, TN 38118-2432
Entity Owned
2-yr Hold
Free & Clear
Property ID
US80-0044128
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1997
Total area
3,288 SF
Lot
0.52 ac (22,564 SF)
Zoning code
CMU-3
APN
073-022- - -00367
UPID
US80-0044128
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
RAW Wheels & Tires (Bike/Boat/Book/etc) Store Auto Parts Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$550k
CAP Approach
CAP
$505k
Comparable Approach
Comparable
$419k
Blend (final)
Blend
$550k
Owner & transaction history
M Khmous Properties LLC · 2 yrs held
M Khmous Properties LLC
since 2024
Last sale
$550,000
7 recorded transactions
Zoning & alternative use
CMU-3 · Memphis, TN
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$470,000
+72.4%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Memphis submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Memphis submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$550,000
ML approach
$550,000
CAP Approach
CAP Return
Estimation
6%
$545,000
6.5%
$505,000
7%
$470,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$470,000
Change: +72% · Conversion: Difficult
Blend value · Realmo final
$550k
Range $495k – $605k · ±10% · vs last sale $550k (Jan 8 2025)
Last sale anchor
$550k
Jan 8 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$167 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$8,648
Tax year 2022
Assessed value
$141,960
Assessed 2023
Previous assessed
$141,960
+0.0% YoY
Effective rate
6.09%
On assessed value
Assessed land
$45,160
Assessed improvement
$96,800
Land market value
$112,900
Improvement market value
$242,000
Total market value
$354,900
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1997
Heating
SPACE
Cooling
NONE
Buildings
2
Stories
1
Total area
3,288 SF
Lot
0.52 ac (22,564 SF)
Zoning code
CMU-3
APN
073-022- - -00367
UPID
US80-0044128
Jurisdiction
SHELBY
Zoning & alternative use
CMU-3 · Memphis, TN
Zoning CMU-3 · permitted uses
CMU-3 · Memphis, TN
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Memphis. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$470,000
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1997
Heating
SPACE
Cooling
Yes
Stories
1
Buildings
2
Lot
0.52 ac
Current owner
From public records · entity-resolved
M Khmous Properties LLC
Entity
Free & Clear · 2 yrs held
Mailing address
3156 S MENDENHALL RD, MEMPHIS, TN 38115-2844
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
—
M Khmous Properties LLC
M Khmous Properties LLC
Quit Claim Deed
related
—
Jun 20, 2024
$550,000
M Khmous Properties LLC
Raines Bros Development Co LLC
Special Warranty Deed
$275,000 · Evolve Bank & Trust
Nov 3, 2015
$375,000
Raines Bros Dev Co LLC
Roche,robert S JR & Matt L
Grant Deed
—
Jan 2, 2009
$200,000
Robert S Roche JR.
Ingram,james E
Grant Deed
—
Jul 25, 2007
$200,000
James E Ingram
Loeb Bros Realty
Grant Deed
—
—
—
Raines Bros Dev Co LLC
—
Deed Of Trust
related
$412,500 · Chambers Bk
—
—
Raines Bros Dev Co LLC
—
Deed Of Trust
related
$412,500 · Chambers Bk
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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